Red-hot tech stocks fell off a cliff heading into the Labor Day weekend. Facebook (NASDAQ:FB) stock was no exception. FB stock dropped about 7% in a matter of days. Source: rvlsoft / Shutterstock.com To be clear, this tech sell-off is nothing to worry about. It’s a totally natural and totally healthy valuation gut-check. Tech stocks
Alongside the rest of the technology sector, Dropbox (NASDAQ:DBX) fell off a cliff somewhat unexpectedly heading into the Labor Day Weekend, with shares shedding as much as 12% in a matter of two days. This sell-off in tech stocks — and specifically in DBX stock — is nothing more than a golden buying opportunity. Source: Allmy
SAP (NYSE:SAP) stock has certainly been in the rally mode lately, along with a myriad of other mega tech operators. Since March, the shares have gone from $94 to $159, putting the current market capitalization at about $187 billion. Source: Tada Images / Shutterstock.com Keep in mind that SAP has been around since 1972 and
Red-hot tech stocks fell off a cliff heading into the Labor Day weekend. Alteryx (NASDAQ:AYX) stock was no exception. AYX stock dropped about 15% in a matter of days. Source: Shutterstock Don’t stress this sell-off in tech stocks, or in AYX stock. This is just a valuation gut check after tech stocks had rallied in
If there’s one assumption we can make about the auto-industry in the corona-economy, it’s that the markets are wild for electric vehicles (EV), specifically those made by Workhorse Group (NASDAQ:WKHS). WKHS stock has had a really good run. Source: rblfmr / Shutterstock.com The Ohio-based automaker hopes to disrupt the shipping industry with its all-electric commercial
Editor’s Note: “10 SPAC IPO Stocks to Buy as They Grow in Popularity” was previously published in March 2020. It has since been updated to include the most relevant information available. Not many investors are familiar with special purpose acquisition companies (SPACs), a special breed of IPO stocks that enable well-connected sponsors to raise hundreds
Red-hot NIO (NYSE:NIO) stock dropped sharply in early September in sympathy with a broader tech stock rout that dragged the Nasdaq down as much as 5% on Sept. 3. The sell-off in NIO stock, however, comes despite the company reporting strong August deliveries of 3,965 – up 12% month-over-month and up 104% year-over-year. Source: Carrie
Whiting Petroleum (NYSE:WLL) stock is rallying after exiting from bankruptcy proceedings. It’s interesting that both before and after Chapter 11, WLL stock rallied. Source: Shutterstock But like a lot of stocks these days, this unusual bit of momentum trading is down to Robinhood app traders. Despite weak fundamentals, WLL stock got pushed to unreasonable heights,
With its whisper-quiet driving experience, environmentally friendly profile, and inherently superior reliability due to fewer moving parts, it’s no wonder why modern drivers have elected electric vehicles over their combustion-powered counterparts. But no matter how hard I try, I don’t have the same understanding for Electrameccanica Vehicles (NASDAQ:SOLO). SOLO stock is an example of the
Tesla remains one of the hottest companies on the market, with an incredible P/E ratio of 1,076.31. However, it is also one of the most volatile stocks, meaning investors who want a cost-effective way to gain exposure to Tesla should consider investing in one of these three exchange-traded funds (ETFs) that include the California-based electric
As I write this, the day after Whiting Petroleum (NYSE:WLL) emerged from Chapter 11, WLL stock is up more than 3,000%. But there’s a catch. Source: Shutterstock Before you run out and buy some of this bad boy, keep in mind that it’s only trading around $23 because the old equity shareholders got one new
Take a look at some of the biggest movers in the premarket: Facebook (FB) – Facebook announced it would not accept new political ads in the week before Election Day, and will remove posts that claim people will get Covid-19 if they take part in voting. Facebook will also add informational labels to any posts
With the cost of college rising each year and questionable career prospects awaiting college graduates, some people are wondering if a college education is still worth it. If you took all of the money you would spend on a college degree and invested it, would you come out ahead? Are college loans worth it? One
There is a lot of chatter on Wall Street right now about how tech stocks may be in a bubble, with many comparing the current surge in tech stocks to the dot-com bubble of 1999-2000. Broadly, I don’t think this chatter is warranted. We aren’t in a tech stock bubble, for two big reasons: 1.
Shoppers walking into a Lululemon store Scott Mlyn | CNBC How do investors pick stocks poised to outperform in the current environment? Stocks are tumbling in a tech-led selloff after reaching record highs over the last few weeks. However, even after the pullback, the S&P 500 has still surged almost 19% on a one-year basis.
A man walks a dog in the shade away from the midday sun past the New York Stock Exchange (NYSE) building in Manhattan, during hot weather in New York City, New York, U.S., August 11, 2020. Mike Segar | Reuters When stock buying starts to get giddy, at some point, the froth has to blow
The persistent trading of Luckin Coffee (OTCMKTS:LKNCY) shows some folks will buy anything. Luckin stock is destined to linger like unwanted nuclear waste. Source: Keitma / Shutterstock.com This is a company with a very checkered past. There are so many reds flags warning investors to stay away that the horizon is a sea of red.
Take a look at some of the biggest movers in the premarket: DocuSign (DOCU) – The provider of electronic signature technology reported quarterly earnings of 17 cents per share, more than doubling the 8 cents a share consensus estimate. Revenue also beat forecasts and DocuSign issued upbeat full-year guidance. Broadcom (AVGO) – Broadcom came in
As the number of COVID-19 cases continues to increase throughout the U.S., Europe, and Russia, new concerns are emerging about how the virus is likely to impact countries and their economies in the coming months. Despite those concerns, continued growth remains a major trend for advisory firms and could even increase by the end of
In early June, kids entertainment company Genius Brands (NASDAQ:GNUS) went viral because the company was supposedly trying to build the Netflix (NASDAQ:NFLX) for kids. Seemingly overnight, GNUS stock went from $1 to $12. Source: patat / Shutterstock.com I said stay away from Genius Brands, on the idea that while creating the Netflix for kids is